MP backs biodiesel tax break campaign
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for companies who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential but that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.
Mr George stated "a number of small businesses in Cornwall currently make cash from utilized cooking oil".
He added: "In order to have the ability to get this type of industry going it does need just a little bit of lift which can be found in the type of tax foregone."
Biodiesel is a blend of conventional diesel, rapeseed and veggie oils.
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